The Clessidra fund enters the capital of Buccellati, with a controlling share. The family maintains a significant shareholding and significant involvement in the management of the company. Gianmaria Buccellati will take on the role of honorary president and Andrea Buccellati that of president, with specific responsibility for style and product. Founded in 1919, Buccellati is already present, as well as in Italy, in numerous international markets also through its own shops in the United States, France and the United Kingdom and, over time, has combined its traditional operations in the jewelery and silverware market also in the world of jewelery watches. While another Italian luxury brand, Pomellato, could fly towards the French PPR, Buccellati is a big Italian name that remains in Italy. The Clessidra fund, which after this operation continues to look around the luxury sector, has invested around 80 million euros for a 70% stake, partly through a capital increase and partly by purchasing shares from the family. «This operation represents a great opportunity for the Buccellati Group which will thus be able to accelerate its development on new markets together with a qualified Italian partner with which an ambitious growth project has been defined», commented Gianmaria and Andrea Buccellati. «It is one of the most prestigious brands that has historically represented Italy in the world. The creativity and exclusivity of the products designed by Gianmaria and Andrea Buccellati, who I have known and admired for over 15 years, will be the foundation for a great growth project”, added Claudio Sposito, president of Clessidra. In the operation the Buccellati family was assisted for the financial aspects by Pietro Mazzola for Partners and for the legal aspects by the Pedersoli e Associati law firm. Clessidra was assisted for the legal aspects by Studio Nicoletti Gariboldi of Castri and by Studio Pavia & Ansaldo.
